Homework Answers
a)Total Costs = 60000 + 40000 + 30000 + 50000 + 20000 + 30000 = $230000
Sales budgeted = $ 300,000 Profit envisaged = 70,000 So mark-up on full cost = 70,000/230,000 = 30.43%
b) Profit envisaged = 70,000 So mark-up on the variable costs = 70,000/(60000+40000+30000+20000)=70000/150000 = 46.67% Profit envisaged = 70,000 So mark-up on the variable manufacturing costs = 70,000/(60000+40000+30000)=70000/130000 = 53.85%
c). Profit envisaged = 70,000 So mark-up on the variable manufacturing costs = 70,000/(60000+40000+30000)=70000/130000 = 53.85%
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